StockNews.com Upgrades Sterling Infrastructure (NASDAQ:STRL) to “Buy”

Sterling Infrastructure (NASDAQ:STRL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $109.12 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50-day moving average of $113.75 and a two-hundred day moving average of $112.78. The stock has a market cap of $3.37 billion, a P/E ratio of 22.69, a PEG ratio of 1.41 and a beta of 1.16. Sterling Infrastructure has a 1-year low of $55.45 and a 1-year high of $137.63.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. The business had revenue of $582.82 million for the quarter, compared to analysts’ expectations of $553.70 million. During the same quarter last year, the company posted $1.27 earnings per share. On average, research analysts expect that Sterling Infrastructure will post 5.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sterling Infrastructure

A number of large investors have recently bought and sold shares of the business. Victory Capital Management Inc. increased its stake in shares of Sterling Infrastructure by 5.0% in the fourth quarter. Victory Capital Management Inc. now owns 38,672 shares of the construction company’s stock valued at $3,400,000 after purchasing an additional 1,849 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Sterling Infrastructure by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 367,905 shares of the construction company’s stock valued at $32,350,000 after purchasing an additional 2,878 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Sterling Infrastructure by 105.1% in the fourth quarter. Teacher Retirement System of Texas now owns 131,069 shares of the construction company’s stock valued at $11,525,000 after purchasing an additional 67,172 shares during the period. Principal Financial Group Inc. increased its stake in shares of Sterling Infrastructure by 29.4% in the fourth quarter. Principal Financial Group Inc. now owns 17,381 shares of the construction company’s stock valued at $1,528,000 after purchasing an additional 3,947 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Sterling Infrastructure in the fourth quarter valued at approximately $255,000. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.